It pays to buy a used car

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New cars usually lose a quarter to half their value over the first two years, and then depreciation slows down. Since the average car tends to last nine years, the smartest strategy is to buy a car that is one or two years old. That way you don’t suffer the depreciation, and you save 20 to 30 percent over the cost of a new car.

You can find out how much a car will depreciate by using the Depreciation Calculators in the Calculators sections at CarPrice.com. Most likely, you’ll find a used car is the better value.



All the best,



Timben